NAIRU

Below are the contents available on the site related to the query.

  • New Keynesian NAIRU and the Okun Law: An application for Colombia

    Publicación |

    This paper proposes new monthly estimates for the non-accelerating inflation rate of unemployment (NAIRU) and the output gap for Colombia. These rely on a New Keynesian small open economy model following González et al (2013), augmented by an Okun’s Law equation. The resulting output gap closely…